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2021-03-31-accounts

Page
Reference and Admmistrative
Details
Report ofthe Trustees 2 to 9
Report ofthe Independent
Auditors		 10 to 12
Statement ofFinancial Activities
Statement ofFinancial Position
Statement ofCash Flows 15
Notes to the Statement ofCash Flows
Notes to the Financial Statements 17 to 29
TRUSTEES M R Ratcliffe IViBE
A Piggott
I J Salter
TCzapski
KJ Morgan OBE DL
A MLea
RJ Carter (appointed 8.7.20)
COMPANY SECRETARY A Piggott
REGISTERED OFFICE Wolseley House
Oriel Road
Cheltenham
Gloucestershire
GL50 1TH
REGISTERED COMPANY 03002869(England and Wales)
NUMBER
REGISTERED CHARITY 'f043143
NUMBER
AUDITORS Andarran
Limited (Statutory
Auditor)
Chartered
Accountants
6Manor Park Business Centra
li/lackenzie
Way
Cheltenham
Gloucasters hire
GL5I QTX
PATRON The Lard Bird MBE
SENIOR LEADERSHIP TEAM Cordell Ray MBE- CEO
Gareth Edwards
—Chief		 Operating Ofhcer
Amanda
McPeake		 —Finance Director
hiigel McPeake - Business Devel. Director
Max Larcambe - Director ofABS
Ramona Ray - Director ofCBS
Ryan Major - Facilities Director

31.3.21 31,3.20
Unrestricted Restricted Endowment Total Total
funds funds fund funds funds
Nates 6 6 6 6
INCOME FROM
Donations and legacies 2 44,920 103,318 148,238 89,904
Charitable activities 5
Charitable Activities 48,155 8,263,068 8,31'l,223 5,476,896
Other trading activities 3 5,726 7,975 13,701 30,540
Investment income 4 50,057 9,639 59,696 47,548
Other income 6 45,000
Total 148,858 8,384,000 8,532,858 5,689,888
EXPENDITURE ON
Charitable activities
Charitable Activities 34,013 7,617,569 7,651,582 5,605,680
Reduction in property
valuation 45,000
Total 34,013 7,817,569 7,851,582 5,650,680
hlET INCOIIIIE 114,845 566,431 681,276 39,208
Transfers between funds 23 566,588 (566,588)
Net movement
in funds		 68'l,433 (157) 681,276 39,208
RECONCILIATION OF
FUNDS
Total funds brought
forward 679,927 48,325 728,252 689,044
TOTAL FUNDS CARRIED
FORWARD 1,361,360 48,166 1,409,528 728,252

31.3.21 313.20
Unrestricted Restricted Endowment Total Total
funds funds fund funds funds
Notes 6 9 8 6
FIXEDASSETS
Tangible assets 16 1,013,354 723,535 84,850 1,821,739 1,227,834
Investments 17 2 2 2
1,013,356 723,535 84,850 1,821,741 1,227,636
CURRENT ASSETS
Debtors 18 84,737 664,31K 749,053 496,271
Cash at bank 684,000 517,4?0 1,201,420 384,164
768,737 1,181,736 1,950,473 880,435
CREDITORS
Amounts
falling due whhin
one year 19 (58,796} (899,857) (958,653) (782,598)
NET CURRENT ASSETS 709,941 281,879 991,820 97,837
TOTAL ASSETSLESS
CURRENT LIABILITIES 1,723,297 1,005,414 84,850 2,813,561 1,325,673
CREDITORS
Amounts
falling due after
more than one year 20 (361,937) (957,246) (84,850) (1,404,033) (597,421)
NETASSETS 1,361,360 48,168 1,409,528 728,252
FUNDS
Unrestricted
funds		 1,361,360 679,927
Restricted funds 48,168 48,325
TOTAL FUNDS 1,409,528 728,252
STATEMENT OF STATEMENT OF CASH FLOVYS
FORTHE YEAR ENDED 31MARCH 2021
31,3.21 31.3.20
Notes
Cash flows from operating activities
Cash generated
from operations		 1 728,408 310,614
Interest
pMid		 (75,828) (61,689)
hlet cash provided by operating activities 652,580 248,925
Cash flows from investing activities
Purchase oftarigibie fixed assets (644,633) (109,532)
Refund of investment 30,000
Interest received 137 19
Net cash used
in		 investing activities (644,496) (79,513)
Cash flows from financing activities
New loans in year 850,000
Loan repayments in year (40,828) (38,833)
Net cash provided by/(used in) financing activi5es 809,172 (38,833)
Change in cash and cash equivalents
in the reporting period 8'l7,256 130,579
Cash and cash equivalents at the
beginning
ofthe		 reporbng period 384,164 253,585
Cash and cash equivalents at the end
ofthe reporting period 1,201,420 384,164

N OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021		 OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021		 OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021		 OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021		 OTES TOTHE STATEMENT OF CASH FI.OWS
FORTHE YEAR ENDED 31 MARCH 2021
RECONCILIATION OF NET INCOIISE TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.3.21 31.3.20
Net income for the reporting period (as per the Statement of
Financial Activities) 681,276 39,208
Adjustments
for:
Depreciation
charges		 50,728 'l7,049
Interest received (137) (19)
Interest paid 75,828 61,689
Increase
in debtors		 (252,782) (96,900)
Increase
in creditors		 173,495 289,587
Net cash provided by operations 728,408 310,614
ANALYSIS OF CHANGES IN NET DEBT
At 1,4,20 Cash flow At 31.3.21
5 E
Net cash
Cash at bank 384,164 817,256 1,201,420
384,164 817,256 1,201,420
Debt
Debts falling due within 1 year (39,278) (2,560) (41,838)
Debts falling due after 1 year (512,571) (806,612) (1,319,183)
(551,849) (809,172) (1,361,021)
Total (167,685) 8,084 (159,601)

DONATIONS
AND LEGA		 CI ES
31.3.21 3'i.3.20
E
Other Chadties,
Churches		 8tTrusts &21,000 41,444 11,000
Individual
donors
&61,000		 15,405
Corporate donors
&61,000		 23,953 18,849
Other donations ~ P'i,000 67,436 60,255
148,238 89,904
OTHER TRADING ACTIVITIES
313.21 31.3.20
6
Miscellaneous
income		 13,701 30,540
INVESTMENT INCOME
31.3.21 31.3.20
F
Rents received 59,559 47,529
Deposit account interest 137 19
59,696 47,548
INCOME FROM CHARITABLE ACTtVITIES
Activity 31.3.21
f		 31.3.20
f
Grants Charitable Activities 6,880,694 4,656,719
Operational
rents received		 Charitable*clivNes 1,430,529 820,177
8,311,223 5,476,896
Grants received,
included		 in the abOVe, are aSfollow@:
31.3,21 31.3.20
E
Gloucestershire
County Council		 3,163,652 2,422,666
Worcester City Council 768,876 431,402
Herefordshire
Council		 730,931 216,572
Bournemouth,
Christchurch		 and Pools Council 543,071 291,381
Bnstol City Council 246,917 49536
NHS Gloucestershire 228,006 250,372
South Gloucestershire
Council		 227,096 96,449
North Somerset
Council		 177,592
Primary Care Network
Cheltenham		 Central 115,296
Cheltenham
Borough Council		 107,500 127,500
Carried forward 6,308,937 3,885,878

FORT FORT HE YEAR EhIDED 31 MARCH 28 HE YEAR EhIDED 31 MARCH 28 HE YEAR EhIDED 31 MARCH 28 21
INCOME FROM CHARITABLE ACTIVITIES - continued
31.321 31.3.20
8 E
Brought forward 6,308,937 3,885,878
Redditch
Borough Council		 62,417 27,385
Big Lattery Fund 49,034 165,034
Primary Care Network
Myths		 lvledicsl Practice 45,137
Police and Crime Commissioner for Wiltshire 40,000 34,559
Primary Care Network Cheltenham Peripheral 37,583
Gardners
Lane and Oakwaod		 Federation 35,900 35,317
Oakwood School 35,900 35,317
Wiltshire
Council		 33,310 75,000
Bromsgmve
District Council		 31,041 46,642
Somerset
Community
Foundation		 19,415
Worcester County Council 15,643 22,084
Bamwood House Trust 15,593
Maggs Day Centre 14,801 26,908
University
ofthe West of England		 11,200 7,000
Severn Wye Energy Agency 10,700 13,470
Gloucestershire
Community		 Foundation 9,822
Univemity
ofGiaucestershire		 9,800 10,460
GlauCestershire
Society		 8,928
Fluck Convalescent
Fund		 7,017
Police and Crime Commissioner for Gloucestershire 6,500 6,500
UniversiQr ofWorcester 5,600
Swlndon
Borough Council		 5,403
Neighbourly
Community
Fund
The Rowlands
Trust		 5,400
5,000
P3 56,821
Laridon Borough of Islington 51,838
Boumemouth
Churches
Housing		 Association 40,634
The Pastcotie Lottery 19,524
Ilidcountles
Cooperadve
Cammunity		 Trust 15,000
The National
Foundation
far Youth Music		 13,346
The Edward Cadbury Trust 7,800
The Percy Biltan Charity 6,872
The National!
ottery Community		 Fund 6,000
Santander
Foundation		 4,920
University ofBristol 'l,400
Others. less than 85,000 23,586 41,010
Caronovirus
Job Retention Scheme		 27,027
6,880,694 4,656,719

FOR TH E YEAR ENDED 31MARCH 2021
6. OTHER INCOME
31.321
f		 31.3.20
Gain on property revaluatron 45,000
7. CHARITABLE ACTtVITIES COSTS
Direct Support
Cosh (see costs (see
note 8)
f		 note 10) Totals
Chadtable Activities 7,845,554 6/28 7,851,582
DIRECTCOSTS OF CHARITABLE ACTIVITIES
31.3.21 31.320
Staff costs 5,7(6,292 3,746,405
Direct client costs 75,602 50,501
Pmperty costs 602,853 489,124
Equipment
costs		 142,530 132,814
Adminfsbabon
costs		 197,949 177,791
Professional fees 376,864 324,725
Other staff expenditure 592,263 566,432
Vehicle cosh 21,645 20,078
Depreciation 50,728
Interest payable and similar charges 75,828 61,689
7,845,554 5,586,608
9. GRANTS PAYABLE
31.3.21
f		 31.3.20
Charitable
Activities		 15,000
The total grants paid to insgtutions during the year was as followK 31.3.21 31.3.20
f
The IVIusic Works 15,000

Governance
costs
f
Charitable
Activities		 6,028
Support costs, included in the above, are as follows:
Governance costs
31.3.21 31.3.20
Charitable Total
Activities activities
6
Auditors'
remuneration		 6,028 4,072
11. REDUCTION
IN PROPERTY VALUATION
31.3.21 31.3.20
6
Revaluation
loss on property		 45,000
12, NET INCOME/(EXPENDITURE)
Net incomel(expend)ture) isstated after charging/(crediting):
31.3.21 31.3.20
5
Auditors'
remuneration		 6,028 4,072
Depreciation - owned assets 50,728 17,049
13. TRUSTEES' REMUNERATION AND BENEFITS

3'i.3.21 31.3.20
Wages and salaries 5,158,430 3,402,336
Social secudity costs 402,999 251,029
Other pension costs 147,863 93,040
5,709,292 3,746,405

The avera ge monthly
number ofemployees
during the		 year was as follows:
31.3.21 31.3.20
Management and administration 31 17
Charitable Activities 207 158
175
The number
of employees		 whose employee benefits
(excluding
employer		 benefits
(excluding
employer		 pension costs) exceeded
f60,000was:
f60,001 —f70,000 31,321
1		 31.3.20
1
15. COMPARATIVES FOR THE STATEMENT OF FlhlANCIAL ACTMTIES
Unrestricted Restricted Endowment Total
funds
f		 funds
f		 fund
f		 funds
f
INCOME FROM
Donafions
and legacies		 60,928 28,976 89,904
Charitable
activities
Charitable
Activities		 13,47'i 5,463,425 5,476,896
Other trading activities 27,12'l 3,419 30,540
Investment
income		 7,784 39,764 47,548
Other income 45,000 45,000
Total 154,304 5,535,584 5,689,888
EXPENDITURE ON
Charitable
activities
Charitable
Acgvities		 139,829 5,465,851 5,605,680
Reduction
in property valuation		 45,000 45,000
Total 139,829 5,5'l0, 851 5,650,880
NET INCOME 14,475 24,733 39,208
Transfers between funds 53,146 (53,146)
Net movement
in funds		 67,62'l (28,413) 39,208
RECONCILIATION
OF FUNDS
Total funds brought forward 612,306 76,738 689,044
TOTAL FUNDS CARRIED FORWARD 679,927 48,325 728,252

FOR THE YEAR ENDED 31MARCH 202 FOR THE YEAR ENDED 31MARCH 202 FOR THE YEAR ENDED 31MARCH 202 1
DEBTORS:ANIOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21 313.20
8
Trade debtors 639,041 424,800
Other debtors 15,942 3,77T
Prepaymenh
and accrued		 income 94,070 67,694
749,053 496,271
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.321 31,320
8
Other loans (see note 21) 41,838 39,278
Trade creditors 167,917 105,290
Social security and other takes 117,307 72,937
Other creditors 76,214 71,057
Accrued expenses 158,491 121,286
Deferred income 396,886 372,750
958,653 782,598
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN OhlE YEAR
31.3.21 31.3.20
5
Other loans (see note 21)
Amounts
owed to group undertakings		 1,319,'i 83
84,850		 512,571
84,850
1,404,033 597,421
LOANS
An analysis ofthe maturity ofloans is given below;
31.3.21 31.3.20
F
Amounts
falling due within		 one year on demand:
lylortg age 41,838 39,278
Amounts
falling between		 one and two years.
Mortgage
—1-2years		 42,571 40,026
Amounts
falling due between		 two and five years:
Mortgage -2-5 years 130,735 124,833
Amounts
falling due in more than five years:
Repayable
by instalments
Mortgage more than 5years 295877 347712
Repayable
otherWiSe than		 by instaiments:
Other loan more 5 years 850,000

MOVEMENT IN FUND S
Net Transfers
movement between At
At 'l.4.20 in funds funds 31.3.21
9
Unrestricted
funds
General fund 494,927 152,507 (50,074) 597,360
Unrestricted
revaluation		 fund 'I00,000 100,000
Property Maintenance 60,000 (22,196) 47,196 85,000
Volunteer Co-ordinatcr 25,000 (15,466) (9,534)
Consultancy
Fees		 20,0DD 20,000
Depreciation 100,000 100,000
Expansion ofSRol to include
volunteering 20,000 20,000
Marketing 25,000 25,DDD
Regulatory
Professional Fees		 10,000 10,000
Running Costs 289,000 289,000
Social Value IVlaneger 30,000 30,000
System Development 40,DDQ 40,000
Training 20,000 20,QDQ
Volunteering
in the County		 25,000 25,000
679,927 114,845 566,588 1,361,360
Restricted funds
Restricted
revaluation		 fund 10,0DQ 10,000
Community
Based Support		 38,325 409,561 (409,718) 38,168
Accommodation
Based Support		 156,870 (156,870)
48,325 566,431 (566,588) 48,168
TOTAL FUNDS 728,252 681,276 1,409,528

Net movement
in		 funds,
included
in the above		 are as follows:
Incoming Resources Movement
resources expended in funds
8 8
Unrestricted
funds
Genera! fund 148,858 3,649 152,507
Property Maintenance (22,196) (22,196)
Volunteer
Co-ordinator		 (15,466) (15,466)
148,858 (34,013) 114,845
Restricted funds
Community
Based SuppOIf		 3,660,615 (3,251,054) 409,561
Accommodation Based Su)rpbrt 4,723,385 (4,566,515) 156,87D
8,384,000 (7,817,569) 566,431
TOTAL FUhlDS 8,532,858 (7,851,582) 681,276

Comparatives
for mo		 v ement
in fund		 s
Net Transfers
movement between At
At1.4.19 in funds
F		 funds 31.3.20
f
Unrestricted
funds
General fund 472,306 28,741 (6,120) 494,927
Unrestricted
revaluation		 fund 55,000 45,000 100,000
Property Maintenance 60,000 (49,420) 49,420 60,000
Volunteer
Co-ordlnator		 25,0DD (9,846) 9,846 25,000
612,306 14,475 53,146 679,927
Restricted funds
Restricted
revaluation		 fund 55,000 (45,000) 10,000
Community
Based Support		 21,738 70,538 (53,951) 38,325
Accommodation
Based		 Support (805) 805
76,738 24,733 (53,l46) 48,325
TOTAL FUNDS 689,044 39,2DB 728,252